Senior Manager, Commercial Credit Risk, Interior Savings Credit Union

Job details

Location:	Kelowna, British Columbia
Posting Date:	February 20, 2014
Closing Date:	until filled
Web Site:	www.interiorsavings.com
Competition:	14-03
Employment Type:	Full-time

Interior Savings, a locally-based financial institution serving the Interior Region of British Columbia, is one of the largest credit unions in the Province.  Our organization strives to make banking easy for our members by providing channel choices, greater convenience and providing the right advice that gives our members the power to live the life they want.
With exceptional attention to detail the Senior Manager, Commercial Credit Risk is accountable for adjudicating commercial, small business and agricultural credit applications generated by the Commercial/Small Business Centers.  This position is responsible for ensuring that the approved applications meet acceptable risk requirements in accordance with prudent lending practices, corporate lending policy, as well as regulatory and legislative requirements.
This position ensures, within established lending limits, the review, recommendation and approval of commercial, small business and agricultural credit applications that exceed the limits of the Regional Managers and Commercial Account Managers.  Presentation and support of recommended applications to the VP, Credit and Management Credit Committee through established approval processes is a key activity of this position.
As part of the risk management team, the Senior Manager, Commercial Credit Risk actively pursues the assessment of loan portfolio risks and trends and maintenance of credit quality through recommendation of Branch / Regional Office / Staff commercial lending limits, monitoring of portfolio performance, identification of emerging industry, macro-economic and political risks, training and guidance of commercial lenders and revision of Corporate Lending Policy and Guidelines.
This position involves frequent contact with senior management, commercial / small business banking personnel, account managers as well as Accounting, Audit and Treasury departments in a variety of capacities including developing new, more efficient and pro-active methods to track portfolio quality and trends and test to pre-determined performance benchmarks.
As the Department head, the Senior Manager, Commercial Credit Risk is responsible for all administrative matters within the Commercial Credit Department and provides support, guidance and direction to Branch Managers/Account Managers regarding the administration of higher risk, delinquent and non-performing loans to minimize risk of loss.
Technical Competencies
Develops and distributes periodic information bulletins addressing emerging issues, changes to guidelines and other credit related issues
Develops and implements a loan review process to assess branch and/or individual lenders’ underwriting strengths and weaknesses and to provide a snapshot of new loan quality, in a statistically valid format
Education
Bachelor’s degree in commerce, business or a related field
Either a CGA, CA, CMA designation preferred
 Experience
Minimum 5 years’ experience in commercial risk underwriting with a financial institution, in addition to 7-9 years of field experience in commercial lending.
In-depth knowledge of credit structuring, security requirements and lending policy, guidelines and practices is a critical requirement for this position.
A working knowledge of legal issues related to commercial and agricultural lending is required to ensure security, terms and conditions of approvals are appropriate and effective.